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India Targets 100 Billion Investment And 1 Million Jobs Under EFTA Trade Pact
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Firstpost•05-10-2026, 14:15
India Targets 100 Billion Investment And 1 Million Jobs Under EFTA Trade Pact
- •Prime Minister Narendra Modi announced that the Trade and Economic Partnership Agreement with EFTA aims to secure 100 billion dollars in investments and create 1 million direct jobs over the next 15 years.
- •The historic agreement marks India's first free trade agreement with a European economic bloc, aiming to deepen bilateral economic ties.
- •The pact will boost Indian exports in sectors like pharmaceuticals, textiles, and engineering, while encouraging Swiss investment in biotechnology, life sciences, and sustainability.
- •India and Switzerland also signed agreements to enhance migration and mobility cooperation, opening up new opportunities for Indian students, researchers, and professionals.
- •Swiss President Guy Parmelin is on a three-day state visit to India and is scheduled to attend the India-EFTA Prosperity Summit.
Key Questions Answered
Prime Minister Narendra Modi stated that the Trade and Economic Partnership Agreement with the European Free Trade Association is set to unlock $100 billion in investments and create 1 million direct jobs in India over the next 15 years.
The European Free Trade Association is an intergovernmental organization consisting of Iceland, Liechtenstein, Norway, and Switzerland.
The Trade and Economic Partnership Agreement between India and the EFTA member nations entered into force on October 1, 2025.
